Looking to balance out your exposure to YUM? The ETFs below have historically moved differently from YUM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for YUM
4 ETFs have low correlation with YUM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.04, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.04 | 0.24 | 0.39 | 67 | S&P 500 | YUM vs SPY | |
| Vanguard S&P 500 ETF | 0.04 | 0.24 | 0.39 | 68 | S&P 500 | YUM vs VOO | |
| Vanguard Total Stock Market ETF | 0.05 | 0.25 | 0.39 | 67 | Large Cap Blend Equities | YUM vs VTI | |
| Vanguard Value ETF | 0.28 | 0.41 | 0.48 | 93 | Large Cap Value Equities | YUM vs VTV | |
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.41 | 0.47 | 95 | Dividend | YUM vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for YUM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.20, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.20 | 0.01 | 0.14 | 99 | Technology | |
| Broadcom Inc. | -0.18 | -0.00 | 0.17 | 67 | Technology | |
| NVIDIA Corporation | -0.17 | 0.01 | 0.18 | 56 | Technology | |
| Advanced Micro Devices, Inc. | -0.16 | 0.06 | 0.19 | 94 | Technology | |
| Hewlett Packard Enterprise Company | -0.15 | 0.03 | 0.17 | 94 | Technology |
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